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Author Topic: Currency change for Adobe Stock account ( to US Dollars )  (Read 21221 times)

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« Reply #150 on: March 08, 2023, 14:37 »
+1
So thanks to Adobe :-\  I'm now looking into using Wise to cut down on the USD -> Euro Paypal conversion fees. But from what I understood, if you are located in Europe you need to have a business Wise account to be able to withdraw from Paypal in USD, so you can take advantage of the free PayPal->Wise transfer in USD and a "cheap" conversion from USD to Euro within Wise. And you have to pay 50 Euro to open that business account. Is anyone here who already done that? Is it worth the 50 Euro? Or is it better to use Payoneer with their 2% conversion fee?
i tried wise end even revolut...the problem is that paypal won't let you withdraw usd (i'm italian resident)....i talked to the customer service and they say i can't withdraw usd because italian regulation doesn't allow to withdraw usd from an online service...but if you use xoom which is owned by paypal you are able to withdraw usd if you have an usd debit card or usd bank account..by the way,i don't know if this rule applies to all the countries in europe so you can try to link a revolut standard card to your paypal and try to withdraw from paypal to the card and then exchange in euro inside revolut....paypal is doing its best to block this kind of transfers because this is the only source of income for them the customer service said... it would be nice if agencies allow us to use wise or revolut but i'm afraid they are in business with paypal and payoneer....let me know if have success with revolut...the virtual card i linked is free,no need to have a plastic card


« Reply #151 on: March 08, 2023, 15:57 »
0
So thanks to Adobe :-\  I'm now looking into using Wise to cut down on the USD -> Euro Paypal conversion fees. But from what I understood, if you are located in Europe you need to have a business Wise account to be able to withdraw from Paypal in USD, so you can take advantage of the free PayPal->Wise transfer in USD and a "cheap" conversion from USD to Euro within Wise. And you have to pay 50 Euro to open that business account. Is anyone here who already done that? Is it worth the 50 Euro? Or is it better to use Payoneer with their 2% conversion fee?
i tried wise end even revolut...the problem is that paypal won't let you withdraw usd (i'm italian resident)....i talked to the customer service and they say i can't withdraw usd because italian regulation doesn't allow to withdraw usd from an online service...but if you use xoom which is owned by paypal you are able to withdraw usd if you have an usd debit card or usd bank account..by the way,i don't know if this rule applies to all the countries in europe so you can try to link a revolut standard card to your paypal and try to withdraw from paypal to the card and then exchange in euro inside revolut....paypal is doing its best to block this kind of transfers because this is the only source of income for them the customer service said... it would be nice if agencies allow us to use wise or revolut but i'm afraid they are in business with paypal and payoneer....let me know if have success with revolut...the virtual card i linked is free,no need to have a plastic card
Thanks a lot for the help! I'm located in Germany, so who knows, maybe the laws are different here. I don't really want to pay 50 Euro for a Wise business account just to find out whether I'll be able to transfer USD for free from Paypal to Wise  :-\. I'm going to try to withdraw to Revolut and let you know if it works.

« Reply #152 on: March 09, 2023, 07:29 »
0
I tried to withdraw from Paypal in USD to my Revolut Business and Personal with no luck. Everytime I get conversion at Paypal before withdraw.


« Reply #153 on: March 09, 2023, 08:17 »
+3
If you're from EU you can't withdraw USD from Paypal to a EU bank account even if it's set in USD. Conversion is inevitable. The only way is to withdraw to the card attached to that account. So you have 1% paypal fee and in most cases at least another 1% bank fee for receiving money to a card. Revolut at least doesn't have that receiving fee (for now). Btw in 2023 paypal still doesn't offer a card for EU customers so we could at least spend the money directly.
As you can see there are layers in the way we get f'd by this move
« Last Edit: March 09, 2023, 08:22 by thx9000 »

« Reply #154 on: March 10, 2023, 04:04 »
+9
For the last three or four years I have been seeing all sorts of ways for companies to pay us less and less. Now Adobe has found this " door ".
I'm not a very good photographer but over time I've improved the quality of my photos. Not to mention all the money I've invested in equipment. But I did it primarily for pleasure, money always came second. 
But honestly, in the last few years it actually made me give up the hobby. I'm sick of all the lies and the ways of these "big famous companies" to keep diminishing our income.
It's like the world has gone crazy, really. I hear there are companies like BMW that sell you the car and then charge you a subscription if you want seat heating. A few weeks ago I couldn't scan a document at home with the HP multifunctional I have until I signed up for an account with them... I also read a news that Microsoft wants to make Windows 12 available on the Cloud and you have to pay a subscription if you want to have their operating system... Really???

I come from a former communist country and we all thought the West was much fairer than what was on the other side of the iron curtain. As time goes by this difference is diminishing. No wonder more and more extremist parties are popping up.
Just my opinion..
Good luck to all!

 :-\ :-\ :-\

« Reply #155 on: March 10, 2023, 06:31 »
+1
Didn't pay me less  ;D

« Reply #156 on: March 10, 2023, 09:26 »
+3
I come from a former communist country and we all thought the West was much fairer than what was on the other side of the iron curtain. As time goes by this difference is diminishing. No wonder more and more extremist parties are popping up.
Just my opinion..
Good luck to all!

 :-\ :-\ :-\

Capitalism is just another side of the same coin. Whatever the system in place, the little man is always at the mercy of the big guys. Whether it's corporations or the communist elite.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #157 on: March 10, 2023, 13:54 »
+1
Didn't pay me less  ;D

Me neither?

Reminder with back to the other side of the coin, and not all that serious, now they are going to be paying me the same, instead of less than other people?  ???

« Reply #158 on: March 22, 2023, 19:46 »
+7
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

« Reply #159 on: March 22, 2023, 19:55 »
0
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

« Reply #160 on: March 23, 2023, 04:49 »
+6
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

« Reply #161 on: March 23, 2023, 08:07 »
+2
They chose the right time to do it... USD tumbles against Euros big time. So we loose even more. Of course they did not have balls to do it last year when USD was stronger than EUR.

« Reply #162 on: March 23, 2023, 08:34 »
+1
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

It is not different. Since the very begining, I was asking for the correct dollar exchange rate for the sales made in the eurozone. Fotolia and then Adobe didn't listen.

We had a major disadvantage when 1 credit was exchanged for 1 dollar, instead of 1 euro (a "big middle finger" to contributors outside the eurozone).

This is why I'm (sarcastically) saying again: "Welcome to the club"!
« Last Edit: March 23, 2023, 12:48 by Zero Talent »

« Reply #163 on: March 26, 2023, 04:55 »
0
when USD was stronger than EUR.

LOL

« Reply #164 on: March 26, 2023, 06:26 »
+3
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #165 on: March 26, 2023, 11:09 »
0
when USD was stronger than EUR.

LOL

Made me look. I didn't know the $ ever was higher. But I found September through November 2022 the dollar was higher that the € some days. And the Pound is down to $1.20 I remember buying gasoline in the late 90s for about 5 pounds per Liter! Exchange rate was $1.60 per £ Today it takes $1.08 to make a single €

We should be happy to not be paid in AUS dollars from Canva?  :) $1.50 = $1 US

« Reply #166 on: March 27, 2023, 07:27 »
+5
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.

How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a €-account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of €-contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have €, no one can!"

Uncle Pete

  • Great Place by a Great Lake - My Home Port
« Reply #167 on: March 29, 2023, 10:43 »
+1
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.

How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a €-account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of €-contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have €, no one can!"

No, not true, people in the US could not sign up for Pounds or Euro accounts.

After that I think the point is, we were paid in local currency and that has changed. Now everyone is paid in dollars US. Same as iStock, same as Shutterstock and same as every agency I know of. (oh except the place in Spain that takes 15% if you don't pay for a annual piece of tax paper?)

This has nothing to do with defending corporate greed. More is about accepting the way things are run and standard world market business practices.

« Reply #168 on: March 29, 2023, 11:07 »
+2
I do remember scheming to sign up while on an overseas trip to get a Fotolia account with GBP (at the time I think that was the most beneficial) or Euros - still better than the $ pay at the time. I never put it into practice though. It was a little shady that people got paid more or less depending on where they were located. I also remember a few people in Europe that somehow were signed up with US$ accounts and had a very hard time trying to change them.

It sucks that you now have to pay excessive currency exchange fees, but it is perfectly reasonable that everyone gets paid the same for each type of sale - or at least has access to getting paid the same if they make enough sales.

« Reply #169 on: March 29, 2023, 16:15 »
0
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

This isn't Fotolia anymore. You got a bonus that others didn't, now that's done.

How is being paid in your own currency considered 'a bonus'? Everyone who wanted to could sign up for a €-account, it wasn't a special privilege or anything.
Adobe simply wanted to increase their profits (or reduce costs) at the expense of €-contributors.
How can anyone defend corporate greed? Unless you're just grumpy about having signed up for the wrong account back then and you finally can say: "if I can't have €, no one can!"

No, not true, people in the US could not sign up for Pounds or Euro accounts.

Not even with a VPN?
But if you're located in the US, USD is your local currency so there are no conversion fees. If you're located in the EU, you could accidentally sign up for a USD account and pay the awful Paypal fees.

« Reply #170 on: March 29, 2023, 19:04 »
+2
The real problem was that FT and AS were screwing US contributors by selling in euros in Europe and paying us in dollars.

On the other hand, you had very good ride when when you were overpaid for your US sales. All that artificial bonus you got throughout the years must compensate at least a part of your new conversion fees.
Be fair and admit it.

Anyway, PayPal fees, bank fees, local taxes are not Adobe's concern.

Now everybody is paid the same. That's what matters.
« Last Edit: March 29, 2023, 19:08 by Zero Talent »

« Reply #171 on: March 30, 2023, 06:15 »
+2
Cashed out some revenue: what should have been €140, was now $140, which converted to EUR and Paypal fees included, resulted in €125 to my bank account.

A more than 10% decrease in revenue. Thanks Adobe.

Welcome to the club many of us outside the eurozone were part of since the very beginning.

Still, that's different; most other agencies outside Europe never had a € payout option, so you accept the $ currency when you sign up, simply because there was no other option.
Fotolia had €-accounts from the beginning, so you sign up for that and expect € payments for life.

Suddenly Adobe decided to change it unilaterally and practically overnight. It's a disservice and a big middlefinger to all contributors overseas. It's taking away a service that should be standard for any international agency.

These companies were not created to support you or other artists. They are not a service, this was an exception, not a standard. You had a benefit, you got paid more than the rest of us. Fotolia is gone, your bonus has ended. Welcome to the present. Get over yourself.

« Reply #172 on: March 31, 2023, 03:15 »
0
I tried Payoneer as middleman and what a nasty surprise - 3% fee for receiving money from an authorized agent and then 10$ withdrawal to a bank account minimum fee :o . It makes Paypal look like a good deal

« Reply #173 on: April 02, 2023, 04:38 »
+2
The real problem was that FT and AS were screwing US contributors by selling in euros in Europe and paying us in dollars.

On the other hand, you had very good ride when when you were overpaid for your US sales. All that artificial bonus you got throughout the years must compensate at least a part of your new conversion fees.
Be fair and admit it.

Anyway, PayPal fees, bank fees, local taxes are not Adobe's concern.

Now everybody is paid the same. That's what matters.

Fair enough.
Everybody gets paid the same, yet now Adobe pockets the surplus from €-sales. So instead of fighting amongst ourselves over the amount of crumbs we receive, we should stand together and acknowledge that Adobe simply increased their bottom line at the expense of contributors.
If it's fairness we're talking about, their credit system (1 credit = 1 USD = 1 EUR) should reflect actual market rates.

« Reply #174 on: April 02, 2023, 06:21 »
+1
is Adobe not able to deal with two curencies, with Euro and Dollar? Alamy can do, Adobe can do if they wanted...


 

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